Clean energy is as much of a concern as ever, with European legislators already demanding action. The popularity of hydrogen has been on the rise, its global market size in the range of USD 120 billion. When it comes to using hydrogen as a source of energy, hydrogen fuel cells are a good solution. They are essentially small power stations able to convert hydrogen into electricity with the only by-products being pure water and heat.
Alkaline Fuel Cell Power” is planning to produce hydrogen powered micro-CHP systems based on alkaline fuel cell technology with unique and competitive component design to stand out from the competition. The fuel cells designed by Alkaline Fuel Cell Power are tailored for the residential and small-to-medium sized markets, which have been inaccessible to hydrogen fuel cells previously.
Energy storage technology solutions comparable to that of Alkaline Fuel Cell Power are currently too expensive for use for residential purposes. The design of Alkaline Fuel Cell Power micro-CHPs has lower material costs than what is currently available, using mostly nickel, graphite, and plastic in manufacturing, thus making it more viable for the consumer market. At this time Alkaline Fuel Cell Power are working on creating a working 4kW prototype system and are on track to make these fuel cells available for purchase in 2024.
There are big hopes for hydrogen as a source of cleaner energy in the future even though its current adoption is low. The demand for zero emission technology is already outpacing supply as current technology is inadequate to meet market needs. Europe could see upwards of €470 billion invested into these technologies by 2050. Analysts estimate clean hydrogen could meet 24% of world energy demand by 2050. Hydrogen fuel cells require no combustion process, are virtually silent, don’t vibrate and their only by-product is pure water.